|
||||||||||||
ADX To Launch Roadshow To New York On March 26th |
||||||||||||
|
Abu Dhabi Securities Exchange, ADX, is set to launch its first roadshow for the year in New York City accompanied by a number of its listed companies, on the 26th and 27th of March. The roadshow comes as part of ADX strategic objectives to increase market cap and product range as well as to attract and activate a wider range of investors. It also comes as part of ADX commitment to Abu Dhabi Plan in developing the financial services sector in the Emirate, and in line with Abu Dhabi Economic Vision 2030. The roadshow will enable ADX listed companies to engage with potential new investors, fund managers, asset management companies to inform them about their growth strategies and recent developments. Commenting on the roadshow, Rashed Al Blooshi, Chief Executive of ADX, said, "We have much to offer investors from the USA. ADX is very attractive to international investors; particularly in light that Emerging Market classification by MSCI, and S&P Dow Jones which followed FTSE upgrade in 2010 and S&P and Russell Investments in 2011." He reiterated, "ADX offers such an attractive investment opportunity in virtue of the stable economic and legislative structure in which it operates. In Abu Dhabi, we are fortunate to have the high growth investment opportunities afforded by a developing economy whilst also providing investors with the security of a regulatory environment similar with ADX offering one of the highest cash dividend yields in the world with around 5.3 percent." "This is our first roadshow of the year, and we are confident of good results and response from US investors. Especially that the listed companies participating in the roadshow are leading and distinctive models of strong and successful companies listed on ADX," stressing that ADX plans to hold roadshows to London and the Far East in the upcoming months. Al Blooshi added that ADX was keen to start its first international roadshow of the year in the US; especially that US investors rank first in terms of net investment and market value of shares owned by foreign nationals during the year 2017. He said that the number of US investors registered in ADX is currently about 3800 investors of which 1637 are individual investors and 2163 are institutional investors, highlighting that the total trading value of US investors (buy and sell) exceeded AED7 billion in 2017. While their net investment reached around AED1.5 billion, whereas the market value of shares they owned stood at AED11.2 billion as of the end of last year. |
||||||||||||
